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mngFX

EURAUD, Failed breakout, Short the Double top

Short
Euro / Australian Dollar (OANDA:EURAUD)  
mngFX  
OANDA:EURAUD   Euro / Australian Dollar
Double Top or Bottom Multiple Time Frame Analysis Head and Shoulders beyondtechnicalanalysis Technical Analysis fundamentalanalsysis riskmangement headnandshoulders Double Top
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doubletoporbottom mtfa headandshoulders beyondtechnicalanalysis technicalanalysis fundamentalanalsysis riskmangement headnandshoulders doubletop
Price action is shaping up for a bearish run as price was unable to continue the momentum and fell short of a double top level on the HTF. Looking at the lower time frames we can see a potential H&S printing retesting the March high indication more bearish price action is likely.

Look for a short to the lower trendline.

Thanks
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